Japanese car giant Honda is expected to announce the shutdown of its plant in south west England in 2022, putting 3,500 jobs at risk, media reports said on Monday. The car manufacturer is to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still keep its European headquarters in nearby Bracknell.
The whole world wants the UK to avoid a no-deal Brexit, Japan's PM has claimed, after talks with Theresa May. Shinzo Abe pledged total support for the withdrawal agreement she has negotiated with the EU, which faces a crunch vote in the Commons on Tuesday.
Japanese automaker Honda plans to build a new assembly plant in the Brazilian state of Sao Paulo with an annual capacity of 120,000 units, the company said.
Japanese car maker Honda Motor Co on Wednesday said it will leave redundant 400 workers and halve production at a factory in Brazil beginning next month because of a shortage of parts from earthquake-affected plants in Japan.
Japan’s economy expanded at the slowest pace in three quarters. GDP rose an annualized 0.4% in the three months ended June 30 from a revised 4.4% expansion in the first quarter, the Cabinet Office said in Tokyo.